Ensurge Micropower ASA - Registration of Share Capital Increase

Rhea-AI Summary

Ensurge Micropower ASA announces the successful conversion of a convertible loan, resulting in the issuance of 2,932,289 new shares and a share capital increase to NOK 275,343,871.50.

Oslo, 10 April 2024 

Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 7 April 2024 regarding conversion of a convertible loan in the amount of NOK 1,500,000 ("Convertible Loan"), plus accrued interest, and the resulting issuance of a total of 2,932,289 new shares in the Company. The share capital increase has now been duly registered in the Register of Business Enterprises.

Following the share capital increase, the Company's share capital is NOK 275,343,871.50 divided into 550,687,743 shares, each share having a par value of NOK 0.50. 

About Ensurge Micropower: 
Ensurge is Energizing Innovation (TM) with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery for the 1 to 100 milliampere-hour (mAh) class of wearable devices, connected sensors, and beyond. The innovative Ensurge Microbattery enables energy-dense rechargeable products that are ideal for form-factor-constrained applications including hearables (hearing aids and wireless headphones), digital and health wearables, sports and fitness devices, and IoT sensor solutions that use energy harvesting to power everyday things. The company's state-of-the-art manufacturing facility, located in the heart of Silicon Valley, combines patented process technology and materials innovation with the scale of roll-to-roll production methods to bring the advantages of Ensurge technology to established and expanding markets. 

For more information, please contact: 
Lars Eikeland, Chief Executive Officer E-mail: lars.eikeland@ensurge.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

FAQ

What was the amount of the convertible loan converted by Ensurge Micropower ASA?

Ensurge Micropower ASA converted a convertible loan in the amount of NOK 1,500,000.

How many new shares were issued as a result of the convertible loan conversion?

A total of 2,932,289 new shares were issued by Ensurge Micropower ASA.

What is the current share capital of Ensurge Micropower ASA after the share capital increase?

After the share capital increase, Ensurge Micropower ASA's share capital is NOK 275,343,871.50.

How many shares does Ensurge Micropower ASA have after the share capital increase?

Ensurge Micropower ASA now has 550,687,743 shares following the share capital increase.